Canaccord Genuity Maintains a 'Hold' on Universal Display (PANL); Update After Supply Chain Tour From Asia
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Price: $7.90 --0%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
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Canaccord Genuity maintains a 'Hold' on Universal Display (NASDAQ: PANL) price target of $36.00.
Analyst, Jonathan Dorsheimer, said, "We have no real changes to our thesis after meeting with Samsung Mobile, LG Display and AU Optronics (NYSE: AUO)...Capacity, yields, etc. appear to be consistent with our last updates. We did not glean any indication either way regarding royalty rates and materials sources/consumption rates...We also did not get the feeling that long-term agreements with either LG or AUO were imminent...Difficulties with the metal oxide backplane increase the risk of LG’s TV launch...SID’s Display Week conference in Boston in June will likely be a positive catalyst for PANL."
For an analyst ratings summary and ratings history on Universal Display click here. For more ratings news on Universal Display click here.
Shares of Universal Display closed at $36.62 yesterday.
Analyst, Jonathan Dorsheimer, said, "We have no real changes to our thesis after meeting with Samsung Mobile, LG Display and AU Optronics (NYSE: AUO)...Capacity, yields, etc. appear to be consistent with our last updates. We did not glean any indication either way regarding royalty rates and materials sources/consumption rates...We also did not get the feeling that long-term agreements with either LG or AUO were imminent...Difficulties with the metal oxide backplane increase the risk of LG’s TV launch...SID’s Display Week conference in Boston in June will likely be a positive catalyst for PANL."
For an analyst ratings summary and ratings history on Universal Display click here. For more ratings news on Universal Display click here.
Shares of Universal Display closed at $36.62 yesterday.
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